Bitcoin Miners Making Critical Energy Moves

Bitcoin mining is a notoriously energy-intensive endeavor. As a result, pro-renewable energy politicians and regulators frequently criticize bitcoin miners for their heavy carbon footprints. Recent data from the University of Cambridge’s Bitcoin Electricity Consumption Index indicates the power consumed to mine blocks recently hit an all-time high. Perhaps that’s a symptom of the cryptocurrency’s 2023 [...] The post Bitcoin Miners Making Critical Energy Moves appeared first on ETF Trends .